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Largo (TSE:LGO) Stock Price Down 2.3% - Here's Why

Largo logo with Basic Materials background

Largo Inc. (TSE:LGO - Get Free Report) traded down 2.3% during trading on Thursday . The stock traded as low as C$2.60 and last traded at C$2.60. 18,992 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 25,883 shares. The stock had previously closed at C$2.66.

Largo Trading Down 1.9 %

The company has a debt-to-equity ratio of 48.45, a quick ratio of 1.52 and a current ratio of 1.67. The company has a 50-day simple moving average of C$2.59 and a 200 day simple moving average of C$2.68. The company has a market capitalization of C$116.28 million, a P/E ratio of -2.35, a P/E/G ratio of -0.76 and a beta of 2.09.

Largo Company Profile

(Get Free Report)

Largo Inc is committed to the production and supply of high-quality vanadium products. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, primarily in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder.

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